Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%
Price spread now: Aevo against Pacifica+0.111%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.410% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.111%, 7d avg +0.062%
Together, before fees+0.075%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.048% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,330.20.0100pay 0.0013% / 1h5m 38s$1.4M$1.2M10x
ShortAevo XAU-PERP4,3350.0112get 0.0014% / 1h5m 38s$161K$8710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Pacifica. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$2.52
Price spread: +0.111% → +0.062%
$4.83
Slippage, 4 orders
−$17.02
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$33.67
Costs to cover
0.410%
Break-even
100.5 days
Slippage from Pacifica: live order book, 3 min ago; Aevo: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago0.12 bp5.1 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Aevo live order book, 43 min ago5.21 bp16.4 bp −$1631.4 bp −$314doesn't fitdoesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,338.8+0.200%$92K$8.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,331.8+0.036%$271K250xas long as short
Bybit XAUUSDT+0.0004%4h4,334.2+0.093%$78.4M$156.4M150xas long as short
Extended XAU-USD+0.0032%1h4,329.8−0.008%$13.1M$36.7M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.467%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,337+0.157%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,332.6+0.055%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,368.5+0.884%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,332.7+0.057%$20.4M$31.8M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,329.8−0.009%$292.0M$51.6M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,329.5−0.017%$15.0M$56.4M25xas long as short
RISEx XAU/USDC+0.0054%1h4,334.5+0.100%$3.8M$12.5M25xas long as short
Gate XAU_USDT+0.0062%4h4,334.8+0.106%$271.0M$419.3M100xas long as short
Kalshi KXGOLDPERP+0.0064%24h4,336.2+0.139%$4.0M$42.3M15xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,333.5+0.075%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,335+0.110%$19.9M$39.0M25xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,330.5+0.007%$32K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,333.5+0.076%$2.0M$4.8M25xas long as short
Aster XAUUSD1+0.0093%4h4,334.4+0.098%$72.4M$329.9M20xas long as short
Pacifica XAUlong+0.0100%1h4,330.2long leg$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,330−0.004%$273K$208K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,329.5−0.016%$25K$14K20xas long as short
Variational Omni XAU+0.0101%4h4,334.6+0.101%$46.8M$28.7Mas long as short
GRVT XAU_USDT_Perp+0.0104%4h4,333.5+0.075%$1.4M$3.0M25xas long as short
Binance XAUUSDT+0.0109%4h4,333.3+0.072%$414.3M$2.12B100xas long as short
MEXC XAU_USDT+0.0110%4h4,333.2+0.070%$363.6M$331.2M1000xas long as short
Aevo XAU-PERPshort+0.0112%1h4,335+0.111%$161K$8710x
edgeX XAUUSDC+0.0126%4h4,327.8−0.056%$30.1M$60.3M50xas long as short
Phoenix GOLD+0.0127%1h4,330.6+0.009%$47K$77K25xas long as short
Bullet GOLD-USD+0.0159%1h4,335.8+0.128%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0176%1h4,335.2+0.115%$4.2M$2.0M20xas long as short
HTX XAU-USDT+0.0225%4h4,338.6+0.193%$2.8M$5.0M75xas long as short
Kraken Futures PF_XAUUSD+0.0247%1h4,332.5+0.052%$590K$130K25xas long as short
Bitget XAUUSDT+0.0248%4h4,333.2+0.070%$68.1M$118.9M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0304%1h4,334.5+0.099%$195K$826K25xas long as short
OKX XAU-USDT-SWAP+0.0328%8h4,333.5+0.076%$170.5M$297.2M100xas long as short
Phemex XAUUSDT+0.0347%4h4,337+0.157%$2.2M$962K100xas long as short
BloFin XAU-USDT+0.0356%4h4,334.5+0.099%$16.0M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0461% / S −0.0304%1h4,335.3+0.119%$253K111xas long as short